Post by
7Twiggy on Nov 11, 2020 10:41pm
We are in uncharted waters
Boy that was a bold action. I thought they may raise the dividend possibly at the first anniversary of the first dividend which was 3 months ago. Thought they would continue to use the buyback to keep the stock up. Gran Columbia is paying around a 1% dividend which is on par with most gold
stocks. Have not heard of a 3% dividend for a gold stock. Have not got a clue what this will do for
the price of the stock. Might see some of the warrants exericised to pick up the dividend. More cash for the company. Be interesting to see if they have something up their sleve with Caldas and the other small plays they are involved with. Think we may also see some investors jump in that need to count on a monthly income source.
Comment by
Canada300 on Nov 11, 2020 11:19pm
great news from GCM. you may also want to look at JAG if you're not familiar with other decent dividend paying pm stocks. They're at 3.6% currently, produce in Brazil. Very similar to GCM imo. Not pumping JAG, I own both. C300
Comment by
Sergio77 on Nov 12, 2020 8:26am
I also own both, but I think Gran Colombia is more undervalued than JAG. JAG might have some hidden secrets they could process in a mill that runs on 50% capacity....so it could double in a couple of months and go completely wild if price of gold goes to 2500,-....with JAG it is an if....but with Gran Colombia is more of a when